The Oscar statuette costs approximately $500 to make, but the victors earn a page in the history of the Academy Awards. Interestingly, the "losers" actually get to take home over $45,000 in goodies as consolation for their losses.

According to numerous reports, marketing firm Distinctive Assets is giving nominees goodie bags worth $45,000. Among the items in the gift bags are trips to Hawaii, Australia, and Mexico as well as dinnerware, appointments for injectable fillers, acupuncture treatments, a week-long visit to a weight loss retreat, hand-illustrated tennis shoes, a bottle of tequila, and condoms. There is also a $5,000 voucher for a cosmetic surgery known as the "Vampire Facelift."

According to Heat World, "the procedure involves taking blood from a patient, processing it to extract the platelet rich plasma and then injecting it back into the face." There will also be a one-year membership to the Heathrow Airport's private VIP services. Nominees' children also get an opportunity to enroll in professional all-kid circus classes.

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The Academy used to give gifts to presenters and performers but stopped in 2007 when the Internal Revenue Services (IRS) attempted to tax the gifts as income. The Academy does not support the presents given by Distinctive Assets even though the company has been handing them out for 11 years; last year, the firm gave "losers" $62,023.26 worth of goods. The awards are usually mailed to the nominees' homes the next day. Some celebrities donate the goods to charities and those who receive the gifts are expected to declare them to the IRS as income and pay corresponding taxes.

The Oscars start at 8 p.m. EST and will be broadcast on ABC. Latinos Post will be providing in depth coverage of the event including Live Streams, Live Updates, and Red Carpet Photos.